Virtue Capital Management LLC Purchases New Stake in Intuit Inc. $INTU

Virtue Capital Management LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,893 shares of the software maker’s stock, valued at approximately $522,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Intuit in the 3rd quarter worth about $57,112,000. Aviance Capital Partners LLC bought a new stake in shares of Intuit during the third quarter valued at about $3,248,000. ProShare Advisors LLC increased its position in shares of Intuit by 5.7% during the third quarter. ProShare Advisors LLC now owns 344,823 shares of the software maker’s stock valued at $95,071,000 after buying an additional 18,687 shares during the period. Vise Technologies Inc. increased its position in shares of Intuit by 27.2% during the third quarter. Vise Technologies Inc. now owns 18,908 shares of the software maker’s stock valued at $5,213,000 after buying an additional 4,041 shares during the period. Finally, Cidel Asset Management Inc. lifted its holdings in shares of Intuit by 24.9% in the third quarter. Cidel Asset Management Inc. now owns 1,174 shares of the software maker’s stock worth $324,000 after buying an additional 234 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Stock Up 3.2%

Shares of NASDAQ INTU opened at $352.10 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $319.08 and a 200-day moving average of $361.12. The firm has a market capitalization of $94.10 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.08 and a beta of 1.01. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $682.27.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm posted $2.75 earnings per share. Intuit’s quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts expect that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.6%. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Analysts Set New Price Targets

A number of research firms have recently commented on INTU. Jefferies Financial Group cut their price objective on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Sunday, August 23rd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Intuit in a report on Thursday, September 24th. KeyCorp set a $400.00 target price on shares of Intuit in a report on Wednesday, August 26th. Piper Sandler increased their target price on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings raised shares of Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $431.55.

Insider Buying and Selling at Intuit

In related news, CAO Lauren Hotz sold 907 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Dalzell sold 285 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by insiders.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.